economic development, firm, innovation, compagnies, competitiveness, efficiency
Small companies make a large share of the surveyed sample in all regional groups, with some changes. Sub-Saharan Africa has the largest share of SME (Small-Middle Enterprises) at a little over 40% of the surveyed sample. The distribution of firm sizes is an important indicator of how resilient the private sector is, and potential sources of innovation it could be. By contrast, East Asia has the largest share of large companies.
[...] For instance, infrastructure is needed to ferry raw materials and products to sell on the global market. Human capital makes sure the workforce is productive and adaptable to production requirements. Efficiency driven: Efficiency is the next stage of factor-driven competitiveness. Human capital is further improved with higher education. Technological readiness for instance means that the production schedule can incorporate innovation at minimal cost. Innovation driven: The economy as a whole is able to produce innovation within itself, without resorting to import technology elseswere. [...]
[...] By contrast, East Asia has the largest share of large companies. Slide 3 : the largest drop in drivers of competitiveness is observed in Latin America regarding public institutions, which is common to all regions. There is also a relatively significant decline in perceived efficiency - in terms of trustworthiness and efinancial market development in Eurasia. In domestic and foreign competition, all regions experience an improvement save for North America, and to a lesser extent, the Middle East and North Africa. [...]
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